To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. As the West's leading full-service truck and trailer . David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. Prior results do not guarantee a similar outcome. 484-385-2913 (office) He then started Thompson Equipment Company, buying and selling used trucks. David Thompson was born in Shelby, North Carolina in July 1954. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. Get the latest business insights from Dun & Bradstreet. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. Founder & Chief Executive Officer at TEC Equipment . The second generation started working at TEC as teenagers doing menial labor. David is now joined by his three sons, David O, Chris and William. "David Thompson faced adversity from a young age, but persevered to build his company to become one of the largest heavy-duty truck and trailer dealerships in the country," said Terrence J. Giroux, executive director, Horatio Alger Association. Since 1984, the Association has awarded more than $235 million in undergraduate, graduate, military veteran and career and technical education scholarships to more than 35,000 deserving students. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Total Liabilities = $258.6 Bn. In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. We are thrilled to welcome David as a Member.". Horatio Alger Association names 16 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2022 Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. Keeping low prices, low. . I imagine that business will continue that way for generations to come., Number of generations to work in the family business: 2, Number of family members working in the business: 4, Last family vacation destination: Palm Springs, Favorite restaurant for family dinner: RingSide Steakhouse, Name and firm of most helpful family business professional that you would recommend to other family businesses: Pat Green, attorney, Best business decision: Buying property versus leasing, alumni awards He pledged $5 million to Legacy Health for the construction of its cardiology and patient center, and has made contributions to Oregon Harbor of Hope and the Oregon Food Bank. We have estimated David Thompson's net worth , money, salary, income, and assets. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. Through tremendous hard work and the support of many, weve been fortunate to see a phenomenal return, Thompson said. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. Mr. Thompson changed his businesss name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. In calculating net worth, Bloomberg . Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Corvallis, Oregon 97331 After a few years of studying stand-up comedy . Sep 1976 - Present46 years 6 months. For more information, please visitwww.horatioalger.org. David O. has 1 job listed on their profile. A few school productions and original local theater pieces later, David began to audition for student films in New York. For more information, please visit www.horatioalger.org. He played with the Denver Nuggets of both the American Basketball Association (ABA) and National Basketball Association (NBA), as well as the Seattle SuperSonics of the NBA. David A. Thompson founded TEC Equipment in 1976. All Rights Reserved. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . Two years later. Actor: Win Win. The second generation sons David O., Chris and William lobbied for a chance to model the savvy and drive they had seen throughout their upbringing. Our expansion from a single used truck center in Portland, Oregon to 30+ truck and trailer dealerships in over 20 cities across Washington, Oregon, Nevada, California, Arizona, Nebraska, Iowa and South Dakota is a tribute to this. The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. Uponcompletion of his bachelors degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Armys Provost Marshalls Office inVietnam, andserved one and a half tours as a criminal investigator. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. David William Thompson was born to parents George and Leesa in Westchester, New York. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $180 million to 27,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. Estate estimated net worth: US$400-500 million Estimated net worth at time of his death: US$20 million (technically his net worth was US$5 million at the time, before inflation. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. We are thrilled to welcome David as a Member.". The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. May 4, 2022. Meet the Thompson Family. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. TEC Equipment Jun 2010 - May 2013 3 years. During those early days in Portland, Oregon, TEC Equipment was known as Thompson Equipment Company and its business was buying and selling used trucks and trailers. TEC Equipment. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. About Horatio Alger Association of Distinguished Americans: Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. Mr. Thompson was just 15 years old when he lost his father. After a year. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. 2019 Opened Mack and Wabash dealership in San Diego, CA. Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C. For more information, please visit www.horatioalger.org. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. Over 1,000 Low Everyday Prices, now locked until Easter. For more information about Horatio Alger Association and its Member Class of 2022, please visit, Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. David Thompson was born in Shelby . Since its founding, TEC has remained a family-owned business. Also, the stud is home to four top-class stallions. Email us, Copyright 2021 Oregon State University Disclaimer. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. TEC Equipment Profile and History . Hehas been amember of theOregon State University Foundation Board of Trusteessince2013,andis an Emeritus Trustee of the Meridian Park Medical Foundations Board and a 2018 recipient ofitsPillar of Excellence Award. The family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper. The TEC Oakland site was purchased by TEC in 2005. Find low prices. What About David Thompson Net Worth and Salary in 2023? David O graduated with a Bachelors degree in Business Administration from Oregon State University. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. Sign up for our newsletter for updates on new parts specials, job offers, and more. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Mr. Thompson changed his businesss name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and . Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. Dallax, TX (Aug. 22, 2013) -Mack Trucks dealer TEC Equipment, Inc. won the Successful Dealer Award for exceptional sales and service as well as excellence in community and civic engagement. All net worths are calculated using data drawn from public sources. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. Thank you for subscribing to the Business Matters Newsletter. For more information about Horatio Alger Association and its Member Class of 2020, please visit www.horatioalger.organdfollow the organization on Facebook, Twitter and Instagram. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. College news TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. David A. Thompson founded TEC Equipment in 1976. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. View David O. Thompson's profile on LinkedIn, the world's largest professional community. David Thomson's net worth as of February 2023 is a massive $32 billion. 1976 David Thompson founded Thompson Equipment Company. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and California (except Sacramento), making TEC the largest multi-point Volvo, Mack, and GMC Truck dealership group in the United States, and 5th largest of all U.S. truck dealers. David Thompson played his college basketball at NC State and his #44 was retired. When not buried in data, William takes to the sky, flying following in his fathers footsteps in more ways than one, having obtained his pilots license and enjoying flying planes. Phone: 541-737-2551 Because it is not just a scholarship it comes with anetwork of Members that areexcited to mentor and guidethem. Welcome visitor you can state of oregon mileage reimbursement rate 2021 Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. David has a home, a car, and a portfolio of investments. About the author David I. Bainbridge is Emeritus Professor of Business Law at Aston Business School, Aston University and an honorary member of Hardwicke Building, Lincoln's Inn. It is the route many of our original customers traveled and on which they continue to operate today. David struggled with drugs and alcohol later in life but eventually got clean. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. He's arguably N.C. State's greatest basketball player, playing from 1972-75. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. David Thompson is an iconic basketball player who has had a long and successful career. He then started Thompson Equipment Company, buying and selling used trucks. by Sabine Bickford. Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. "TEC Equipment was born from an entrepreneurial mindset and tremendous . David Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. About Horatio Alger Association of Distinguished Americans: Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. 2023 Forbes Media LLC. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. 2014 Thomson Reuters sales reach $12.6 billion for the year. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. Hints and clues to help you with today's Wordle. Fax: 541-737-4890, Phone: 541-737-2551 Fiber and Copper Multi Tester. 2023 Celebrity Net Worth / All Rights Reserved. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. He has seen TEC from many angles, working in the warehouse, on the maintenance team, as an insurance agent and now as director of TEC Development. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. Real Time Net Worth. Flashback to 1985, Julie Sandoval was hired through the Kelly Girl staffing agency as a cashier for a GM factory-owned store in Oakland. However, his family is the richest family in Canada with $35 billion combined fortune. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Through the generosity of its Members and friends, in 2020, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada and provided college support and mentoring services to its Scholars. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. 1999 Acquired the Mack Los Angeles, CA franchise. In the past decade, Thompson was joined by his three sons, who have become owners. Through the generosity of its Members and friends, in 2019, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada, and provided college support and mentoring services to its Scholars. We are thrilled to welcome David as a Member.". He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. WASHINGTON, Dec. 10, 2019 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. Good Bye Lenin! 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. David Thomson has a net worth of $5.09 billion. from 8 AM - 9 PM ET. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. David discovered his talents for acting in middle school when he was recommended to audition for a play. He pledged $5 million to Legacy Health for the construction of its cardiology and patient center, and has made contributions to Oregon Harbor of Hope and the Oregon Food Bank. At TEC, leadership positions are earned, not given. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. DETAILS BELOW David Thompson (born July 13, 1954) is famous for being basketball player. TEC Eurolab Srl. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. He then started Thompson Equipment Company, buying and selling used trucks. As of 2022, David Thompson's net worth is $1 million. And the portfolio of investments is $50,000. Sign up for our newsletter for updates on new parts specials, job offers, and more. Mr. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. Horatio Alger Association of Distinguished Americans, Inc. , a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that. student success, Oregon State University He is from American. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. Net worth is the amount by which assets exceed liabilities. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. Fake Nationality: The actors playing West Germans Denis and Rainer are from East Germany, while those playing Alex and Arianne are from West Germany, and the actor playing "Sigmund Jhn" is Swiss. Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rdHoratio Alger Award Induction Ceremonies in Washington, D.C. The car he owns is about $20,000. He then started Thompson Equipment Company, buying and selling used trucks. Amid stock market weakness and global economic certainty, Forbes said the total wealth of its billionaires list declined about US$400 billion from 2018 to US$8.7 trillion. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. A consistent increase . . WASHINGTON, Dec. 10, 2019 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. 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